AXT, Inc. (NASDAQ:AXTI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in AXT, Inc. (NASDAQ:AXTI) by 94.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,975 shares of the semiconductor company’s stock after selling 942,309 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.13% of AXT worth $128,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Walleye Capital LLC acquired a new stake in shares of AXT during the 4th quarter worth approximately $145,000. Kennedy Capital Management LLC lifted its position in shares of AXT by 13.1% during the 4th quarter. Kennedy Capital Management LLC now owns 915,460 shares of the semiconductor company’s stock worth $1,987,000 after purchasing an additional 106,121 shares during the last quarter. Wedbush Securities Inc. lifted its position in AXT by 71.9% in the fourth quarter. Wedbush Securities Inc. now owns 35,237 shares of the semiconductor company’s stock valued at $76,000 after acquiring an additional 14,737 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of AXT by 65.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,937,424 shares of the semiconductor company’s stock valued at $4,204,000 after acquiring an additional 766,122 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of AXT in the 4th quarter valued at $54,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

AXT Stock Performance

NASDAQ:AXTI opened at $1.49 on Friday. The business’s 50-day simple moving average is $1.42 and its 200 day simple moving average is $1.83. AXT, Inc. has a one year low of $1.13 and a one year high of $4.03. The stock has a market cap of $67.95 million, a price-to-earnings ratio of -5.32 and a beta of 1.96.

AXT (NASDAQ:AXTI) last posted its earnings results on Thursday, May 1st. The semiconductor company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). AXT had a negative net margin of 11.70% and a negative return on equity of 5.27%. On average, equities research analysts predict that AXT, Inc. will post -0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AXTI shares. Wedbush reissued an “outperform” rating and issued a $4.50 price objective on shares of AXT in a research note on Tuesday, April 29th. B. Riley cut their price target on AXT from $6.00 to $4.50 and set a “buy” rating for the company in a report on Friday, May 2nd. StockNews.com raised AXT to a “sell” rating in a research report on Friday, April 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $5.00 price target on shares of AXT in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $4.75.

About AXT

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.